United Development Funding IV fka UDFI

[Jh5142]

It's really hard to understand why it is taking so long to file financials.

I believe that the SEC and FBI can't prevent a company from publishing their financials. So, it must be a delay due to UDF's decision- maybe the audit isn't finished, and maybe they are blaming the audit as a reason why they don't want to publish yet. I would think that if there was real value they'd want to share that news.

But who knows. I am long the stock, and will find it hard to believe if the value of the portfolio is less than $8 per share given how strong the residential land market has been. But anything is possible at this point.